New Delhi : In a stimulus package aimed to boost flagging economic growth, create jobs and increase credit flow, the Union Cabinet on Tuesday approved a Rs 2.11 lakh crore recapitalisation plan for state-run banks and massive road infrastructure investment of nearly...
(Note Ban Series) By Aparajita Gupta, New Delhi : Almost a year down the line, is Prime Minister Narendra Modi's dream of making India a cash-less or less-cash country becoming a reality? Industry stakeholders feel that though the note-ban drive by the government gave...
Mumbai : Global cues, along with healthy buying in banking stocks and expectations of positive quarterly results, buoyed the key Indian equity indices during the mid-afternoon trade session on Tuesday. According to market observers, healthy buying was witnessed in...
(Note Ban Series) By Biswajit Choudhury, New Delhi : While the immediate impact of demonetisation was seen in the long queues outside ATMs and felt through acute cash shortage, its anniversary is an appropriate vantage point to assess the less visible and generalised...
New Delhi : At a time when customers are rushing to link all their bank accounts with Aadhaar, the Reserve Bank of India (RBI) has clarified that it never issued any such directions, it was the decision of the Indian government. The apex bank further clarified that in...
Mumbai : A massive sell-off in banking sector stocks over fears of rising non-performing asset (NPA) levels pulled the key Indian equity indices lower on Wednesday. According to market observers, heavy selling pressure in the banking, healthcare and consumer durables...
Chennai : Employees of the IDBI Bank will strike work for two consecutive days (October 24 and 25) demanding long pending wage revision, said All India Bank Employees' Association (AIBEA). Wage revision for employees and officers of IDBI Bank is due for the period...
Mumbai : Breaking a three-day gaining streak, key Indian equity indices closed on a lower note on Wednesday as investors booked profits ahead of the release of important macro-data as well as quarterly earnings results of corporates, according to market observers....
Mumbai : Breaking a four-day gaining streak, key Indian equity indices -- the BSE Sensex and the NSE Nifty50 -- closed with marginal losses on Thursday as investors booked profits in banking, and oil and gas stocks. The wider Nifty50 of the National Stock Exchange...
Mumbai : Belying industry expectations, RBI maintained its hawkish stand on Wednesday refusing to cut rates in view of the rising inflationary pressure and concerns over "fiscal slippage". Holding its key interest rate unchanged at 6 per cent, the central bank,...